JACK VAN IMPE says it could possibly turn out to be the RAPTURE OF THE CHURCH...Although we know not the hour or the day....He says we can know when he(Christ) is at the door...and when the time is drawing nearer... He acts like 2012 could possibly be the rapture..... I agree with the man honestly... what ya think?
I hope the end of the world happens, because us humans have done too many terrible things already, and plus I hate my life because I am 20 years old and still a virgin, never had a gf, almost no friends, well I do have friends but they are loners like me, and the only reason I put up with them is because it's better to have a boring friend than have no friend at all.
Bailout Survival Strategies and Commercial Real Estate
I have a couple of videos to share with you in this post that should get you thinking about your near-term future. First though, I want to you get a “visual” of what $1 Trillion Dollars looks like. For those of you who are numerically inclined that number is $1,000,000,000,000.00. Here’s the link to give you a look at how that number literally stacks up in $100 Dollar Bills: http://www.pagetutor.com/trillion/index.html.
Now to put that into perspective with regard to our economy, take a look at this video clip of a recent Glen Beck show where he graphs the amount of U. S. Deb over the past 80 years:
To summarize all of this for the time challenged: The US has piled on an unprecedented amount of debt in the form of paper money with NO visible stimulus effect on the economy, as measured by both Wall Street and Main Street activity. The likely result of this in the near term future is the devaluation of the U.S. Dollar relative to other currencies and run-away hyper-inflation. And let’s not forget the proposed irresponsible massive increases in taxes that will further reduce output.
So what can you do about it? Here is my “short list” of thoughts that I personally will be taking some action on in the coming months:
Invest in or keep your commercial real estate, but adjust your lease rates to keep your tenants intact. I’ve written a past article on how even in a declining value market, income-producing real estate protects your capital better than most other investment vehicles. You have a real asset, income, and tax benefits all rolled into one package.
Buy some gold, preferably coins. I know it sounds “doomsday,” but I’m being realistic here. When the paper money becomes worth less, “real” money protects your value. Don’t go cash in your life’s savings, but have a few thousand dollars worth sitting in a safe deposit box somewhere.
Stock up on some essential items. Again, don’t think I’m getting “doomsday” on you. The reality is that many goods are sitting in ports rather than being transported because banks will not issue letters of credit. Soon local stockpiles will be exhausted and there will be some common items missing from stores. What, I don’t know. But if you love your Pop Tarts in the morning, you might want to get a few extra boxes … just in case. And if I’m wrong, well heck … eat ‘em up!
Save. Yes, I know that Washington has done a 180 and is telling you to spend right when the U.S. consumer FINALLY decided to save some money. Yes, I know it will be worth less (unless you adopt #2, above), but at least you will have something. Don’t believe that Big Brother Government will be able to sustain the bailouts. Like the Dot Com Bust, the numbers do NOT add up.
I’ll have more to say on these topics in the coming weeks, so stay tuned. We live in “interesting” times and need to be ready to grasp any opportunity that comes our way!
About the Author
Craig Higdon has over 14 years experience in financing commercial loans, small business loans, construction loans, and land loans. He owns Excelsion Mortgage, a commercial mortgage brokerage offering real estate investors a wide range of resources to help them in their investment activities.
